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We Speak about Blockchain development, Cryptocurrency & Fintech news..Tue, 13 Nov 2018 09:04:08 +0000enhourly1http://hashcashhcx.com/wp-content/uploads/2018/09/hashcashhcx.pngHashcashHCXhttp://hashcashhcx.com
3232noWe Speak about Blockchain development, Cryptocurrency & Fintech news..The Best Five Cryptocurrency Payment Processors of 2018http://hashcashhcx.com/five-cryptocurrency-payment-processors-2018/
http://hashcashhcx.com/five-cryptocurrency-payment-processors-2018/#respondTue, 13 Nov 2018 09:02:53 +0000http://hashcashhcx.com/?p=280A processor is a software developed by a company, often a third party, appointed by merchants. It handles transactions from various channels such as credit cards and debit cards with banks. However, the increasing popularity of cryptocurrency as a mode of making online payments is catching on. Its advantages over the traditional methods of performing […]

]]>A processor is a software developed by a company, often a third party, appointed by merchants. It handles transactions from various channels such as credit cards and debit cards with banks. However, the increasing popularity of cryptocurrency as a mode of making online payments is catching on. Its advantages over the traditional methods of performing online transactions include enhanced transparency, security, and traceability.

Cryptocurrency is preferred by Customers

Every transaction made on a blockchain network is validated by smart contracts, and stored in a decentralized distributed ledger in interconnected blocks or nodes. This makes it near impossible to hack into the database and manipulate information, and any attempt to do so is immediately notified to network participants. Making payments using cryptocurrency also removes the necessity for the payee to share sensitive details pertaining to their bank accounts on the internet, eliminating any chance of identity theft.

Advantages of Cryptocurrency Payment Processors for Merchants

Most of the online businesses involve cross-border payments and micropayments, and cryptocurrencies are best suited to carry out these transactions. The use of Bitcoins and altcoins will also resolve the pain area of chargeback that merchants face. This problem not only results in a loss to the seller but also obligates them to pay an expensive chargeback fee.

Cryptocurrency can also do away with the 60-day duration of uncertainty that arises when a customer makes a purchase using their credit card. Cardholders are granted this period to file a dispute, and the merchant is therefore unable to claim ownership of the money till this window is closed.

This enhanced security is possible because any payment made on a blockchain network is recorded on interconnected nodes which are protected by impenetrable encryption. The resulting database is accessible to every participant of the network for audit and verification, eliminating the chance of allegations of wrongful charges or failed transactions.

Most Popular Cryptocurrency Payment Processors

Cryptocurrency is rapidly becoming a mainstay in the global retail e-commerce market with new payment processors coming up frequently. However, not all of them can be trusted to give to the user the quality and efficiency they promise. Here are five of the tried and tested payment processors that have received positive reviews from its users for you to explore:

CoinGate

CoinGate took off in 2014 with the aim to further the adoption of cryptocurrencies in the global market. Their product is built on a reliable payments infrastructure that meets the needs of both sellers and their customers.

Their app facilitates merchants to install and monitor payments from mobile devices with ease. The payment gateway additionally supports some 40 altcoins apart from Bitcoin, allowing merchants to expand the variety of payment methods that they offer to their customer base.

CoinGate also offers a range of plugins and enables the creation of Bitcoin payment buttons on different websites. A user can opt to withdraw cryptocurrency from their digital wallet in the form of EUR and USD to their bank, AdvCash or MoneyPolo account, or any Bitcoin wallet of their choice. Coingate charge a 1% fee on all transactions, which usually take about 1 hour.

Billbitcoins

Billbitcoins is rapidly becoming one of the most sought-after cryptocurrency payment processors. Merchants can accept Bitcoin payments at a reduced transaction cost with Billbitcoins, without being exposed to the volatility of cryptocurrencies. The compulsory interchange fee charges as seen in contemporary payment gateway is not applicable here, at least for the initial $1000000 of Bitcoin payments. Post that, a 1% processing fee is charged to convert Bitcoins to cash.

Users enjoy a system of speedy payments with Bilbitcoins because payouts are initiated here weekly, the overall process taking about just 5 to 6 days. Majority of the payouts are confirmed within minutes, eliminating any risk of a chargeback. A similar advantage is afforded to customers as well who will no longer have to wait for prolonged periods to receive refunds. Refunds can be made through a single click on the Merchant Account Interface.

Coinbase

One of the largest Bitcoin trade exchanges, Coinbase is also used for accepting Bitcoin payments for businesses. The payment gateway accepts Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. Its merchant app enables instant conversion of Bitcoin payments to fiat currency. This feature prevents price volatility to affect the conversion of currencies.

Both online and offline businesses can opt for Coinbase merchant solutions to improve customer experience and provide more methods of payments to choose from.

GoCoin

Their website describes the company as a “boutique payment processor”, which is another way to describe the small yet dedicated team behind GoCoin. GoCoin offers an uncomplicated API for merchants who want to accept cryptocurrency payments. The many plugins provided by them can be integrated into a number of online shopping platforms.

Its customer service has earned rave reviews and has become something of a talking point among users. Its services include private billing, secure payments, no sign-up costs, and low fees. GoCoin is supported in multiple countries, offers payouts in US dollars, and charges a flat 1% fee on all transactions, making it highly appealing to merchants everywhere.

GoURL

GoURL is compatible with every major Bitcoin wallet, and even includes Bitcoin debit cards, and therefore offers a great extent of anonymity. If a seller does not own a website of their own, they can opt for Monetiser Online to sell files, images, videos, and texts.

Managing orders are made simple because of the detailed payment breakdowns available here. GoURL does not levy a monthly charge, and the transaction fee starts from 0%. Transactions are closed within a swift 30 seconds in this processor and have proved to be extremely reliable.

GoURL enables several ways to make money including the sale of products, file downloads, and via selling rights to post on one’s website. Users can also customize their website’s Bitcoin payment box to add a personal touch.

]]>http://hashcashhcx.com/five-cryptocurrency-payment-processors-2018/feed/0Blockchain-Related Curriculum in Gibraltar a Part of a Growing Trendhttp://hashcashhcx.com/blockchain-curriculum-gibraltar-growing-trend/
http://hashcashhcx.com/blockchain-curriculum-gibraltar-growing-trend/#respondWed, 31 Oct 2018 07:55:07 +0000http://hashcashhcx.com/?p=276Gibraltar has been one of the locations on the world map to take major strides in adopting the Distributed Ledger technology (DLT). It made headlines last year when the Gibraltar Financial Services Commission (GFSC) announced plans to formulate laws that would focus on fintech firms that use blockchain, which would be the first of its […]

]]>Gibraltar has been one of the locations on the world map to take major strides in adopting the Distributed Ledger technology (DLT). It made headlines last year when the Gibraltar Financial Services Commission (GFSC) announced plans to formulate laws that would focus on fintech firms that use blockchain, which would be the first of its kind in the world. The DLT Regulatory Framework came into effect on 1st January, 2018 establishing that the British overseas territory does not take its dedication to integrate new technology to update its economic and legal infrastructure lightly. This initiative also gave it a magnetic pull to the ferromagnetic drove of startups as it prepares for Brexit.

This bold step in administration has shown immediate effects. It is visible in the boost in motivation of establishments that are now open to expand shop and hire employees in new departments. Not surprisingly, Gibraltar has become the topic of discussion in relation to the same technology, this time causing ripples in the education sector. Leading the way once again, its government has set plans to be at the forefront of blockchain adoption by launching an advisory group to put together blockchain-related academic courses.

The government is collaborating with the University of Gibraltar to create the New Technologies in Education (NTiE) group that will rope in blockchain companies based in the country. The focus of their operations will be to address the growing demand for professionals to develop and work with the decentralized distributed technological innovation. This is the natural consequence of DLT being embraced across industries at a very rapid pace. The curriculum will train students in related skills and prepare them for future roles in the private sector as well as on the government level.

The popularity of blockchain and cryptocurrency related courses are on the rise, with 27% of the universities around the world already offering them. These comprise instructing on the entire spectrum of the subject, including coding and the use of smart contracts. The courses are speculated to be launched by the end of this year and will also see the active input from prominent names in the industry whose firms are in the process of acquiring license from the Gibraltar Financial Services Commission. Their participation is seen as a vital component to propagate a sustainable DLT commercial community in the country.

Silicon valley based blockchain company HashCash Consultants is one of the firms that have been wooed by the changing climate for the technology, and is in the process of extending their services to Gibraltar. Firms such as this have experience in implementing DLT as an efficient, quick, low cost mechanism for transmitting cross country and domestic payments, storing records, and as exchange platforms for cryptocurrency.

]]>http://hashcashhcx.com/blockchain-curriculum-gibraltar-growing-trend/feed/0Streamline Legal Proceedings with Blockchainhttp://hashcashhcx.com/streamline-legal-proceedings-blockchain/
http://hashcashhcx.com/streamline-legal-proceedings-blockchain/#respondFri, 12 Oct 2018 10:34:00 +0000http://hashcashhcx.com/?p=272Delay is the mother of all bottlenecks. Although the essential prerequisite of justice is to dispense it as quickly as possible, it appears that unquestionably the code itself and its practitioners linger the process of litigation and arbitration. Lawyers take adjournment on fragile grounds to prolong procedures and the courts to allow the petition of […]

]]>Delay is the mother of all bottlenecks. Although the essential prerequisite of justice is to dispense it as quickly as possible, it appears that unquestionably the code itself and its practitioners linger the process of litigation and arbitration. Lawyers take adjournment on fragile grounds to prolong procedures and the courts to allow the petition of adjournment repeatedly without any cogent ground. The legal system as a whole slows down, thereby overburdening the judiciary and becoming a scourge to the litigants, sometimes through generations.

Such a scenario is typical of developing countries, where a complex body of laws and a systemic propensity to not follow it exist simultaneously. While one cannot do much about the choices a professional makes, the technical aspect which causes the backlog can definitely be rectified with the correct tools. The delay in concluding lawsuits are often attributed to missing files, lost evidence, or simply the unending hours of manpower that goes into sorting them. The problems boil down to storing data in paper can be obliterated by transferring the tome to a blockchain database, for example.

The advantages of this would be immense, starting from the utilization of the unlimited storage the platform would provide, to the immutability it will lend to the data, and most importantly, easy and swift access to the archive.

Blockchain is basically a decentralized, distributed, digital ledger that encrypts information put into it with a unique identifier that cannot be tampered with, at least not without the consent of every participant in the network. Exchange of information using this technology would drastically bring down the time generally associated with such actions.

First world establishments such as a Dubai-based international court have plans to adopt blockchain for this very purpose. The “Court of the Blockchain” as it is being called, will be created by The Dubai International Financial Center (DIFC) Courts in collaboration with the Smart Dubai initiative. The technology will facilitate the sharing of data validated by smart contracts among different courts in real time and make cross-border law enforcement more efficient.

Unfortunately, not all governments are proactive as those of UAE, Malta, and Switzerland – nations that have given transferring the operations of several government wings onto blockchain a priority status. The private sector has stepped up to close the gap in such scenarios. The US-based blockchain company HashCash Consultants, for example, is collaborating with Ulex – an open source legal system. The goal is to build a common, decentralized platform facilitating operations using legal smart contracts. It can be accessed from different jurisdictions as it is not regulated by any particular country.

The legal smart contract platform comprises three basic elements which are used to offer a fair dispute resolution system. These three elements are judges, remedies, and costs. The process of solving a dispute comprises each party selecting a judge. The judges then use a third judge who decides upon a remedy which is offered by one of the concerned parties. The winning party’s legal cost is incurred by the losing party.

The use cases of blockchain continue to multiply each day, and it is essential to understand that its application in law is facilitated significantly by its implementation in ancillary industries. This includes sectors like real estate, automobile industry, and environmental watchdogs maintaining a decentralized database that can be used to extract information from in case of a lawsuit involving them. Its impact on copyright laws and criminal law (where tracking the chain of custody of evidence is crucial) is immense.

Modernization of one of the oldest line of work steeped in tradition, and marked by a reluctance to change its stripes is showing some progress toward a technological makeover. The Global Legal Blockchain Consortium testifies this, which was established to promote the usage of this technology within the legal industry. And when you stop to think about it, there are all sorts of potential use cases for blockchain within the legal industry.

History has shown an inevitable resistance before any revolution, especially for the better, takes place. It’s the same for blockchain, which is ultimately like any other technology with great potential. While the temptation to implement it in sectors such as law, which has become a bane in some countries, be it because of the delay in proceedings or the stratospheric expenses incumbent to it, a thorough understanding of its implications should be explored. And if it meets the conditions of the still-developing regulations around blockchain, the way forward will have much to achieve.

]]>http://hashcashhcx.com/streamline-legal-proceedings-blockchain/feed/0Blockchain for Stardom of New Battle-Royale Gameshttp://hashcashhcx.com/blockchain-stardom-battle-royale-games/
http://hashcashhcx.com/blockchain-stardom-battle-royale-games/#respondWed, 10 Oct 2018 06:40:47 +0000http://hashcashhcx.com/?p=267The gaming industry is witnessing an exponential upgradation and proliferation of video content, products, special events, and video game tournaments, and this rise is bound to continue with the exponential growth in technology. This global sector spawns snazzy gear such as Birdly, a fully immersive VR flight simulator, VRgo – a special motion controller seat […]

]]>The gaming industry is witnessing an exponential upgradation and proliferation of video content, products, special events, and video game tournaments, and this rise is bound to continue with the exponential growth in technology. This global sector spawns snazzy gear such as Birdly, a fully immersive VR flight simulator, VRgo – a special motion controller seat for virtual reality, and “the Void”, which according to its creators is a two-reality special attraction that allows one to play using a helmet and controller but also allows you to live inside the game taking virtual reality to a whole other level. Needless to say, these products do not come cheap.

The video game industry is speculated to cross $138 billion by the end of 2018, representing a 13.3 % increase from last year, or an extra $16.2 billion. Just as it is minting money for the gaming and tech companies, the monetizing aspect of it is also drawing in more players who have seen a scope to profit off this field as well. One of the most promising ways to enable that is the implementation of blockchain to competitive games – be it multiplayer or single player, to reward each achievement or promotion to a new level with cryptocurrency which could be native to the game itself. These coins can be later used to make microtransactions in the game itself, trade in exchanges, or simply sell in when it reaches maturity and value in the market.

The decentralized, open source, immutable ledger allows immediate update of game stats that can be tracked in real time, facilitating greater coordination among players and game regulators. This is intrinsic to optimal performance of online games, and it makes blockchain of special value to games such as Battlefield and Call of Duty – both big gaming companies that are publicly traded – which plan to launch battle royale modes in 2018 itself. The success of PUGB and Fortnite will not take away the pie from the new entrants that will follow this format because player engagement from teenagers, college campuses, and women, are on the rise. The only criteria for these battle royal versions to a success are that the game should be interesting, engaging, and be able to offer a new experience to players every time they visit the game, as no one wants to compete in repetitive challenges. This is also driving the demand for constant technological upgrades in this sector.

The industry which was previously a hit-driven business propelled by new releases is now viewed by investors as one that provides a more predictable and valuable earnings stream, due to the various models of recurring revenue that has surfaced and proven its success. Take for example the developer of the Fortnite Battle Royale game of 2017, the privately held Epic Games, which announced $1 billion in earnings from in-game revenue.

This has lead gaming companies to collaborate with software development companies, one of them being HashCash Consultants which is currently engaged with three such enterprises to inculcate blockchain into their technological backbone. By the new standards, purchase of a game is the preliminary stage of the product’s monetization, and as the video game engagement expands, it will reflect in bigger returns for investors in this space.

]]>http://hashcashhcx.com/blockchain-stardom-battle-royale-games/feed/0Blockchain Revolutionizing Digital Advertising By Offering Innovative Solutions to Existing Problemshttp://hashcashhcx.com/blockchain-revolutionizing-digital-advertising/
http://hashcashhcx.com/blockchain-revolutionizing-digital-advertising/#respondThu, 27 Sep 2018 09:21:34 +0000http://hashcashhcx.com/?p=252The growing instances of internet fraud are creating a negative impact on the members of the online community. People are reacting strongly – they demand answers! Actions have been taken such as writing articles on fraudulent activities, posting information of fraud exposed in digital advertising on blogs and websites – but we are still waiting […]

]]>The growing instances of internet fraud are creating a negative impact on the members of the online community. People are reacting strongly – they demand answers! Actions have been taken such as writing articles on fraudulent activities, posting information of fraud exposed in digital advertising on blogs and websites – but we are still waiting for answers, for solutions to how these destructive events can be prevented in the future.

Blockchain technology is making miracles, taking the world by surprise and appealing to several industries – making the organization structure more democratic, efficient, transparent and secure.

Data shows that in 2018, blockchain is implemented by banks and financial market institutions on a commercial scale. Blockchain, as we all know by now, is a decentralized ledger which operates on a peer to peer network, keeping an immutable record of every single transaction that takes place. Blockchain network solves issues, keep everything functional in a safe and secure way

Blockchain benefits the digital advertising industry in more ways than one.

1. Experience of customers

Online advertisers gather database from several sources. The process of gathering information of target group of audience is complicated and time-consuming. Marketers, with the help of blockchain technology, can create a customers profile, by obtaining all the necessary information from the customer himself. Blockchain facilities the sharing of information by individuals voluntarily in exchange for compensation. This helps companies to reach out to the people who are interested in their products and services and willingly their information. It is a win-win situation for both the parties involved – interested individuals getting paid for their time and information and companies getting easy access to the database of the interested group of individuals.

2. Database management

Digital advertising industry depends on data which acts as the lifeblood of this sector. Blockchain facilitates meaning of issues and challenges data management in the digital advertising field. This technology aims to improve the functionality of the infrastructure of digital advertising, so as to achieve better planning and targeting, along with efficient execution globally.

The US-based company HashCash, one of the largest blockchain products in service providers are designing a blockchain based application to facilitate programmers and advertisers to match data sets in a more efficient way. This application powered by blockchain aims to build and execute strategies to target audience segments across the globe. With the help of this app, programmers would improve target accuracy across screens and the quantity and value of monetized inventory could be enhanced. It would result in creating a new perspective to earn revenue for participants for data insights which they have generated for themselves. This app ensures complete privacy of the huge database which is offered by participants and which cannot be controlled without their permission.

3. Fraudulent activities in online ads

Online ad frauds have hampered the reputation of the media industry, more specifically the digital marketing sector. This industry uses automated technology making facts unclear regarding the placement of ads in the online media. This leads to wastage of money, as efficient monitoring is lacked. Blockchain offers transparent and encrypted data which facilitates enterprises to monitor how many individuals are viewing their ads and whether they can be converted into potential consumers or not.

Blockchain is helping digital advertising companies to improve their marketing strategies by accessing the accurate information contributed by potential target group of customers.